Honda wants to double its market share in India within the next few years. India is the world’s fifth-largest auto market and the company is aiming to achieve 10 percent market share. The automaker has seen its market share fall to about 5 percent at the end of 2017, from 7 percent in 2016. This drop is likely due to new vehicle releases and launches from rival automakers. One of Honda’s challenges is its lack of selection in the small car category, as consumers pay lower taxes on these vehicles. — REUTERS

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